A business owner is considering alternative organizational forms for his business. The business net earnings are $200,000. The owner is single and has $7,000 of income from other sources and personal itemized deductions of $11,000. Compensation for services is $70,000. Business charitable contributions are $4,000. Owner distributions from the business are $15,000. What is the owner's adjusted gross income (AIG) if this business is operated as an S corporation? 13 O $207,000 O $273,000 O $277,000 $288,000